News Topics
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July 28, 2022
Xponential Fitness Sees Strong Growth In Second Quarter
Xponential Fitness Inc., franchisor of boutique fitness brands, provided second quarter 2022 operating highlights, including same-store growth of 25 percent. Xponential Fitness’ portfolio of brands includes Club Pilates, CycleBar, StretchLab, Row House, AKT, YogaSix, Pure Barre, Stride, Rumble and BFT. SGB
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July 27, 2022
Garmin Q2 Sales Dragged Down By Weakness In Fitness Wearables
Garmin, Ltd. reported sales declined 6 percent in the second quarter ended June 25, pulled down by a 34 percent drop in the fitness segment. Garmin reduced its guidance for the year, with earnings being impacted by the strengthening of the U.S. dollar, high inflation, and rising interest rates. SGB...
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July 26, 2022
Sidi Sports bought by Italmobiliare for € 66 million
Sidi Sports, makers of cycling shoes worn by multiple cycling champions across CX, road, MTB and track, have been acquired by one of Italy’s leading investment holding companies. Italmobiliare manages a diversified portfolio of investments with a Net Asset Value of more than 2 billion euro. The business reports that the...
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July 26, 2022
Adidas Slashes Outlook for Q2, Citing Slow Recovery in Greater China
The German sportswear brand on Tuesday said its recovery in Greater China has been slower than it expected since Q3 began, due to persisting Covid-19 restrictions. As such, Adidas said it expects revenues in Greater China to decline at a double-digit rate through 2022. Footwear News
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July 26, 2022
Skechers Credits Wholesale Growth for Record Q2 Sales
The Los Angeles-based footwear brand reported on Tuesday that it reached $1.87 billion in sales in Q2, a 12.4% increase from the same time last year. According to Skechers COO David Weinberg, the growth was the result of a 15.4% increase in domestic sales and a 10.0% increase in international...
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July 26, 2022
Exercise more than the recommended amounts for the longest life, study says
Researchers analyzed more than 116,000 adults in a study published Monday in the American Heart Association journal Circulation. Participants self-reported their leisure time activity in questionnaires several times over the course of 30 years, and researchers estimated the association between the time and intensity of exercise with rates of death....
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July 26, 2022
Shimano’s Sales Expand 15 Percent In First Half
Shimano Inc. reported net income increased 22.4 percent in the first half ended June 30 as sales grew 14.7 percent. Sales reached ¥303,686 million, up against ¥264,694 million. Operating income increased 15.7 percent to ¥80,909 million and ordinary income advanced 24.7 percent to ¥92,123 million. Net income increased 22.4 percent...
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July 23, 2022
As Europe’s heat wave melts roads, Tour de France races into an uncertain future
The Tour de France has always been a test of human endurance. The cyclists cover epic distances over the course of three weeks, speeding past fields of sunflowers, bouncing along cobblestone roads and climbing dizzyingly steep mountains with frightening corkscrew descents. Washington Post
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July 23, 2022
How to Make More People Fall in Love with Track and Field
In the lead-up to this week’s World Championships in Eugene, Oregon, USA Track and Field president Max Siegel said that he hoped the event would be a catalyst to enhancing the sport’s domestic popularity. The goal, according to a story in the Los Angeles Times, is to make track the...
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July 22, 2022
‘Lack of Support’ Shutters 2022 North American Handmade Bicycle Show; ‘MADE’ Show to Debut in 2023
Organizers canceled this year’s North American Handmade Bicycle Show (NAHBS) on July 20 after nearly a year of anticipation for its post-pandemic return. Primary organizer Don Walker announced that an unexpectedly low number of commitments from exhibitors had led to the decision. Gear Junkie
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